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      Archive: 8/5/2011

      News Brief

        8/5/2011, Av 5, 5771

      Bill for More Credit Card Transparency

      The Knesset approved, this week, the first reading of a bill that would require monthly statements by credit-card companies to clearly show purchases, such as those made by telephone, where the card is not phyiscly presented. The proposal aims to reduce credit-card fraud.

      The bill now goes to the Knesset Economics Committee for fine tuning before its final readings in the full Knesset.